Economic Development Futures Journal

Friday, July 09, 2004

counter statistics

Chinese Car is Coming?

Experts say yes, it's inevitable that Chinese cars will eventually be a major force in the U.S. and other developed markets. But they say that while the cars will be made in China, they will likely carry very familiar Western brand names like Chevrolet, Honda and Volkswagen.

"If you look at mistakes they (U.S. automakers) made with the Japanese automakers, they missed their opportunity to partner with and be a controlling force behind Toyota and Nissan," said Denton Dance, director, emerging markets forecasts for J.D. Powers & Associates. "The global Big Eight are not going to sit by the side and let something big come into their home markets from China without being a part of it."

I know what you're thinking...will the Chinese eventually produce their product in the U.S. It's worth them thinking about, especially in alliance with a U.S. or Japanese vehicle manufacturer.

More here.

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